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$ 2,499,000
Est. payment | /mo
1 Bed
1 Bath
10,454 Sqft Lot
$ 2,499,000
Est. payment | /mo
1 Bed
1 Bath
10,454 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25080094
Bedrooms 1
HOA Y/N No
Lot Size 10,454 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
PRIDE OF OWNERSHIP ASSET AT A 6.02% CAP RATE ON ACTUALS! We are pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of 1 bedroom units that have ALL been completely gutted and renovated with ENTIRELY new kitchens, bathrooms, and flooring! The exterior has also been completely renovated with a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting and new concrete throughout the entire property. The entire property was also just recently re-plumbed with new gas lines for each unit. There is also a renovated laundry room with two washers and two dryers that are owned! Each unit also includes A/C units. There are also garages for each unit for tenants to enjoy. There is also a RUBs program in place for tenants to reimburse the owner for utilities which keeps operating expenses low.
PRIDE OF OWNERSHIP ASSET AT A 6.02% CAP RATE ON ACTUALS! We are pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of 1 bedroom units that have ALL been completely gutted and renovated with ENTIRELY new kitchens, bathrooms, and flooring! The exterior has also been completely renovated with a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting and new concrete throughout the entire property. The entire property was also just recently re-plumbed with new gas lines for each unit. There is also a renovated laundry room with two washers and two dryers that are owned! Each unit also includes A/C units. There are also garages for each unit for tenants to enjoy. There is also a RUBs program in place for tenants to reimburse the owner for utilities which keeps operating expenses low.
PRIDE OF OWNERSHIP ASSET AT A 6.02% CAP RATE ON ACTUALS! We are pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of 1 bedroom units that have ALL been completely gutted and renovated with ENTIRELY new kitchens, bathrooms, and flooring! The exterior has also been completely renovated with a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting and new concrete throughout the entire property. The entire property was also just recently re-plumbed with new gas lines for each unit. There is also a renovated laundry room with two washers and two dryers that are owned! Each unit also includes A/C units. There are also garages for each unit for tenants to enjoy. There is also a RUBs program in place for tenants to reimburse the owner for utilities which keeps operating expenses low.
Location
State CA
County Orange
Area Oc - Garden Grove (92843)
Zoning Assessor
Building
Lot Description Corner Lot, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $190
Acceptable Financing Cash
Space Rent $16,625
Listing Terms Cash
Listed by Ruben Khorsandi • Alliance Investment RE Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12750 High Bluff Dr. #300, San Diego, California, 92130, USA